Oman leads fellow Gulf Cooperation Council (GCC) states when in comes to corporate governance. Such was the finding of a study conducted by the Institute of International Finance (IIF) and Hawkamah, the Institute for Corporate Governance. IIF and Hawkamah released their report, "Corporate Governance in the GCC - An Investor Perspective" last Tuesday.
The report found that corporate governance framework in Oman complies with 70 per cent of IIF's guidelines, the best within the GCC. By comparison, Kuwait and Saudi Arabia comply with 50 per cent of the guidelines versus 40 per cent for the UAE and Bahrain. Still, Qatar meets 35 per cent of IIF's guidelines.
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